The Computerization Movement in the Us Home Mortgage
نویسندگان
چکیده
This paper reports on an empirical investigation of a particular computerization movement—the diffusion of automated underwriting in the US home mortgage industry—over a twenty-plus year timeframe. Building on and extending seminal work by Kling and Iacono (1988, 1995, 2001), this paper shows the influences of, and interplays among, technological action frames, institutional support, and technology performance, in the diffusion of automated underwriting and associated use practices.
منابع مشابه
Chapter 3 The Computerization Movement In The US Home Mortgage Industry : Automated Underwriting From 1980 To 2004
This paper reports on an empirical investigation of a particular computerization movement—the diffusion of automated underwriting in the US home mortgage industry—over a twenty-plus year timeframe. Building on and extending seminal work by Kling and Iacono (1988, 1995, 2001), this paper demonstrates the influences of technological action frames, particularly the productivity master frame, on au...
متن کاملReal Estate Investors and the Boom and Bust of the US Housing Market∗
This paper studies residential real estate investors and their relationship with local house price movement using several comprehensive micro data on mortgage application and performance. The paper makes two contributions to the growing literature on the recent boom and bust of the US housing market. First, using mortgage application data, we document the important role played by real estate in...
متن کاملE-commerce business models in the US home mortgage industry
The home mortgage industry is highly significant for the US economy in terms of Gross Domestic Product and employment. Despite the fact that mortgage lending is an information-intensive industry, residential mortgage lending has been characterized as traditional and slow to adopt IT. Thus, the potential impacts of e-commerce in this industry are great, making this preliminary study of IT impact...
متن کاملOverview of US mortgage markets - 2005
1.1 Overview of the US mortgage market Owner-occupied housing and the mortgages used to finance it are currently the single largest asset and liability on the household balance sheet. As shown in Graph 1, residential mortgage debt has grown so that households now owe just over $8 trillion. Consumer credit, which includes personal loans, auto loans and credit card balances, now stands at just ov...
متن کاملDo Restrictions on Home Equity Extraction Contribute to Lower Mortgage Defaults? Evidence from a Policy Discontinuity at the Texas’ Border
Texas is the only US state that limits home equity borrowing to 80 percent of home value. This paper exploits this policy discontinuity around the Texas’ interstate borders and uses a multidimensional regression discontinuity design framework to find that limits on home equity borrowing in Texas lowered the likelihood of mortgage default by about 1 percentage point for all mortgages and 2-4 per...
متن کامل